News: Front Section

O'Brien and Gatti of Greater Boston Commercial Properties broker $4.4 million in sales

Bret O'Brien of Greater Boston Commercial Properties, Inc. (GBCP) represented the buyer Planet Aid in the purchase of 289 Elm St. The property consists of a 135,000 s/f single story manufacturing building on 7.62 acres of industrial zoned land. The seller Creative Development was represented by Craig Johnston and John Eysenbach of RW Holmes. Planet Aid purchased the building for $1.25 million in order to relocate its regional distribution hub from 1 Cross Street in Holliston which it had outgrown in recent years. In addition, Benjamin Gatti of GBCP recently represented Sandra & Anthony Antico Real Estate, LLC in the purchase of 289 Elm St., an 80,000 s/f industrial building in Marlborough. The building sits on 6 acres of land. The buyer also acquired an additional 12 acres adjacent to the property for future commercial development. The total purchase price for the building and the land was $2.9 million. The buyer plans to occupy 10,000 s/f for his sprinkler company, A.J. Antico Irrigation Systems. The seller, Marlborough Elms, LLC was represented by David Curley of O'Brien Commercial Properties, Inc. The seller is leasing back 21,040 s/f for his used furniture company, The Bottom Line Exchange. Other tenants in the building include Bunker Floor Supply, which occupies 25,000 s/f and Mass Athletics, LLC, which just leased 4,000 s/f for their batting cages.
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Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
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Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: